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FINANCIAL | Accounting
jcca.co.uk

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About Johnston Carmichael

Provider of auditing services.

Johnston Carmichael Headquarter Location

7-11 Melville Street

Edinburgh, Scotland, EH3 7PE,

United Kingdom

44 01 3122 02203

Latest Johnston Carmichael News

Johnston Carmichael partners with first-of-its-kind brewery investment platform

Jul 12, 2021

Johnston Carmichael partners with first-of-its-kind brewery investment platform Initiative launched to highlight opportunities in craft breweries by matching investor-ready brewers with funding partners Sign up to FREE email alerts from businessInsider - DailyInvalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice A new investment platform, designed to bring brewers and potential investors together, has opened for business. BrewFunder is the brainchild of Toby Chantrell, the creator of the brewery procurement platform BrewBroker and co-founder of Brew//LDN, the UK’s largest craft beer festival. This new venture aims to pair up breweries, that are ready for additional funding, with investors that have a specific interest in the brewing industry. To maximise the effectiveness of the platform for both investors and brewers, accountancy firm Johnston Carmichael will perform comprehensive assessments of each potential investee to ensure they are ready and able to invest. Like much of the food and drink and hospitality industries, the pandemic has thrown up a number of obstacles for the brewery sector. However, with the hospitality industry once again opening its doors, there is growing optimism amongst brewers that there will be opportunities to grow their customer base as thirsty drinkers pour back into pubs and beer gardens. Read More Chantrell said: “We work with brewers of all different sizes day in and day out and we’re now seeing more and more exciting businesses that are ready to grow. “Like just about every sector, the last 12 months have not been without challenges for brewers as they have had to overcome hurdles, ranging from the logistics of safely managing production through to the changing patterns of demand as consumer habits have ebbed and flowed throughout the pandemic. “Our experience has shown that the craft beer industry still has plenty of growing to do and there remains a consistent demand from customers seeking something different to the traditional mass market beers,” he continued, adding: “What’s more, this customer base values quality over quantity, with more than half of customers happy to pay more for craft beer than for standard mass-produced products.” Adam Hardie, head of food and drink at Johnston Carmichael, said: “As we continue to emerge from lockdown, we’re increasingly finding that breweries are ready to take the next step in terms of expansion but are unable to due to a lack of investment. “Investors are looking for innovative and growing sectors to get involved with and we know for a fact that there are investors out there who are ready and willing to put money into brewery businesses - working with the team at BrewFunder, it is now our aim to make it easier for investors to find the right project for them.” Don't miss the latest headlines with our twice-daily newsletter - sign up here for free . Read More

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